Principles of Macroeconomics : Second Edition

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. Providing India-centric examples, case studies, and illustrations, it focuses on government policies crucial to sustainable economic growth and planned development.

Significantly revised and updated, the second edition covers:

major schools of macroeconomic thought

key macroeconomic variables such as national income and investment, inflation, and balance of payments

monetary and fiscal policies under various regimes

long-run economic growth with important growth models

newly expanded sections on business cycles, consumption theory, and economic liberalization

Accessible and reader-friendly, the book presents a wide coverage of relevant themes, updated statistics, numerical examples, chapter-end exercises, and summary points, modelled in the Indian context. It will serve as an indispensable introductory resource for undergraduate students and teachers of macroeconomics.